Definition of Standby charge

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TeachMeFinance.com - explain Standby charge



Standby charge

The term 'Standby charge' as it applies to the area of energy can be defined as ' A charge for the potential use of a utility service, usually done by an agreement with another electric utility service. These services include system backup support and other running and quick-start capabilities'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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